Watch: Joe Ceci warns of new economic headwinds facing Alberta

Alberta Finance Minister Joe Ceci emphasized the looming crisis in the oil industry with the price differential and its effect on the nation.

Alberta’s latest economic update boasted of strong growth in the first half of 2018-19, but warned of a future slump due to the oil price differential pummeling energy producers.

The differential is forecast to average US$29.25 per barrel for the fiscal year, up by US$6.90 compared to the March budget.

— Clare Clancy

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